While Samsung’s unpacking event for its new flagship Galaxy devices is set to take place in San Francisco on Feb. 1, the tech titan is expected to showcase the Galaxy S23 smartphone series, along with its other latest smart devices. Roh was confident about showing how “innovation and sustainability working together brings the ultimate premium experience” at the upcoming unpacking event. “Deliver...

Details of EV version set to be unveiled in March

Hyundai Motor Co. on Wednesday launched the all-new Kona subcompact SUV in the domestic market, while planning to introduce its electrified version in the second quarter of this year. Hyundai Motor aims to sell 37,000 units of the new Kona -- the first fully revamped model in five years -- this year. The second-generation Kona comes with a 1.6-liter gasoline turbocharged, a 2.0-liter gasoline o...

South Korea's air traffic rose 16 percent in 2022 from a year earlier on unleashed pent-up demand for travel amid eased COVID-19 virus curbs, the transport ministry said Wednesday. Airlines, domestic and foreign, made a total of 539,788 flights over South Korea last year, up from 465,469 flights a year ago, the Ministry of Land, Infrastructure and Transport said in a statement. The ministry sai...

Banking giant's Asia research head predicts end of rate hikes in Korea, urges central bank to focus more on boosting economy

Samsung Biologics, the country's largest contract manufacturing company, will run its production lines at full throttle during the upcoming Lunar New Year's holiday to ensure timely delivery of pouring orders, industry sources said Tuesday. An official from Samsung Biologics also noted the company has been operating 24/7, 365 days a year to meet its goals in regards to promised delivery times. S...

South Korea’s largest energy company SK Innovation said Tuesday it has delivered a total of 3.6 billion won ($2.9 million) to seek shared growth with smaller partner companies, as part of a corporatewide campaign now in its sixth year. Of the fund, 3.2 billion won came from the 1 Percent Happiness Sharing Fund, which is created by collecting 1 percent of the base salaries of employees, while the...

Samsung Electronics said Tuesday it will open Galaxy experience zones in 24 cities around the world, including San Francisco, London, Paris, Singapore and Dubai of the United Arab Emirates, next month. It is the follow-up event to its annual unpacking event for its new flagship Galaxy devices, which is slated to take place in San Francisco on Feb. 1. The venues will allow visitors to explore Sams...

New plant to produce 200,000 vehicles annually from July 2025

Upon Yoon's state visit, 23 memorandums of understanding signed to boost mutual ties

Apple is seeking ways to make the cycle tracking application featured in its latest Apple Watch series available for users in Korea. The US tech giant recently reached out to South Korean authorities to ask for a regulatory sandbox approval, according to industry sources Tuesday. Apple Korea inquired with the Ministry of Science and ICT about the process of using a regulatory sandbox system, a m...

Fashion and cosmetics retailer Shinsegae International said Tuesday it appointed a luxury fashion expert William Kim as its new CEO, in a bid to strengthen the company's luxury fashion business and sharpen the company's digital edge. Kim's previous career includes having served as a chief financial officer at Gucci, where he worked in teams with partners including Stella McCartney, Alexander McQ...

Total of 775 Bentleys sold in Korea in 2022

South Korea’s top shipbuilder Korea Shipbuilding & Offshore Engineering said Tuesday it has landed its first contract of the year worth 971 billion won ($784 million). The company said it sealed the deal with a shipping company in Oceania to build three large liquefied natural gas carriers, each measuring 200,000 cubic meters in size. The company declined to reveal the name of the client, citin...

Samsung Electronics unveiled Tuesday its latest 200-megapixel image sensor, the Isocell HP2, with significantly improved resolution and upgraded picture quality for premium smartphones. The new image sensor packs 200 million 0.6-micrometer pixels in a 1/1.3-inch optical format, a sensor size that is widely used in 108MP main smartphone cameras, according to Samsung. This enables the latest high-...